World's third largest personal computer maker, Dell Inc has said that it is ready to buy 3Par Inc. The total worth of the deal is expected to be $1.15 billion.

Dell has taken this decision so that it has access to 3Par's equipment and software products and can use them for the bolstering its corporate data center.

As per the offer made by Dell, 3par's investors will be getting $18 per share in cash for the takeover. This is almost double that of stock's closing price when was at $9.65 on August 13.

The California-based company, 3Par provides hardware and software support for all kind of storage requirements.

Dell has grown substantially in its core business of providing PCs and it now wants to compete with big players like Hewlett- Packard Co. and International Business Machines Corp, in the field of complex computing.

Dell wants to reap higher profit in desktop and laptop PCs and the current acquisition is going to help in that. The company had also said in June that it will double the size of its data-center and technology-services business.